tomorrow Nov 14 is the 10Q filing deadline for standard filers like KNDI.
I donot see how earnings increased over Q2 with no increase of EV sales but a substantial increase of overhead created by the thousands of EVs produced in the plants that the visitors saw in Sep. Each plant had about 500 employees working. Imagine the increase of SGA expenses incurred in Q3 for no rev booked.
yes, my impression is JV will not carry any cost for the construction of the garages. Its participation will be mainly in the form of KNDI's patent and IP and the JV operating the carshare centers. The cost of the whole Hangzhou project is estimated at 17.6 Billions RMB.
Cuttail: my understanding is the municipal gvmt doesn't build the garages. It provides land and other admin support like permits, preferential tax status... It's the rental operator (ZZY in Hangzhou) who builds the garages and pays for all expenses. KNDI and Geely have a 18.5% stake of ZZY.
why do you think their website and even the S1 have been translated to Chinese? New eyeballs and with it new money pouring in?
nice quote RD. Just wanted to add that the 660m2 used in the quote is exactly the size of the 10 open dams (2 Mu area each) they are building at Prawn Farm 2, all with APRAS. Would be very interesting to see what those open dams produce to "prove commercial viability" as claimed in that quote. Truth is, nothing is proven yet b/c those dams are not even complete to date. My guess is they will produce much more than conventional pond farming but nowhere near the 1,600MT per acre they quote that only applies for indoor tanks.
The current margin is about 15% for unprocessed beef. But with the abattoir the margin will be much higher. Selling price will more than triple per cattle head without really incurring much operational cost. My guess is 30% profit margin. That would also explain the high P/E assigned by the consultant.